BitMEX Reviews

Reposting because HR is busy reporting reviews > be bitmex > create innovative product and become market leader > make loads of $ in the process > get pursued by regulators for breaking rules > founders spend more time focusing on this and lawyers > hire new ceo to help take care of company > ceo ran a tradfi exchange. same thing right? > ceo hires all his buddies from previous gig, all fellow tradfi bros > execs make big $ to spend months figuring out what to do > big plan involves building everything to compete with binance and ftx > hire people to build stuff > all this while customers and employees leaving in droves > old employees replaced with new ones so all ok > ok, why are the customers leaving? > customers want new products > cool, just make more copy-paste products that competitors launched months ago and pray > customers don't care > let's launch a token > customers still don't care > need to look more legit, let's buy no name bank > oh wait, government said no > market share still falling > oops > founders finally realize they need to do something > maybe focus should be on existing business > drop all expansion plans > fire dozens of people > try to sell those remaining hopes of a better company > maybe a spot exchange will fix everything > who knows > market share still falling > management still figuring out what's going on

TO ANY CANDIDATE CONSIDERING 100X FOR EMPLOYMENT, I URGE YOU TO RECONSIDER - THERE ARE PLENTY OF COMPANIES OUT THERE, DONT WASTE VALUABLE YEARS OF YOUR CAREER HERE. The company was once a major player in the space (arguably #1) but the cofounders lacked any direction or ability to manage the company and competitors quickly flew by. Now the company is far behind its competitors and lacks any real direction. The big five year plan (proudly published to their blog) is basically to follow in their competitors footsteps and I guess hope that it returns them to their number one spot? The head of product has accomplished next to nothing in the past three years despite copy and pasting more swaps and futures contracts that has not resulted in any meaningful growth. The head of HR is silent on most issues and has provided no leadership to fix a toxic and misogynistic culture created by the cofounders and crypto bros in leadership roles (and despite being aware of this, the new CEO has also allowed for an all boys club board of directors as well). Despite being a 300 person org, if you’re an engineer, the cofounders will dissect your code, if you’re on customer support, the cofounders will publicly slack shame you, if you’re on product/design the cofounders will have no idea what your role is, if you’re on comms/marketing, the cofounders will slack shame you for minor typos. Despite claiming that they were stepping back from their roles due to the public, ongoing lawsuits, the cofounders are still deeply involved in minute details of the business and are one of the key hurdles that prevent 100x from ever being successful again. I could go on and on about what makes this a toxic place to work but save yourself the headache. It’s sad to see a company that once had so much potential in a perpetual (pun intended) downward spiral.